Is social security worth buying?

Legal analysis: social security is worth paying, and it is also a guarantee for the old. Social insurance is a social security system established by the state through legislation. Its purpose is to enable workers to get material help from society (country) when they lose their ability to work or employment due to old age, illness, disability, death, unemployment and other reasons, and their families lose their livelihood. Old-age insurance: Many people have no source of income when they are old. If they want to live a better life or guarantee a basic life, it is best to have social security. Endowment insurance means that when they are over 60 years old, they can enjoy the security fund according to the local economic level. Medical insurance: The advantage of medical insurance is that it can protect health in time, because it needs timely treatment after illness, and it costs less after reimbursement of medical insurance, which can reduce the economic burden. Work-related injury insurance: If an enterprise employee participates in work-related injury insurance, once an accident occurs, the local labor and social security administrative department will identify the work-related injury according to law. If it is identified as a work-related injury, the government labor appraisal agency will assess the disability level of the injured workers, and the government social insurance department will make compensation according to the regulations. In this way, we can better safeguard the legitimate rights and interests of enterprise employees. Maternity insurance: from pregnancy to delivery, female employees have great physical changes and great physical consumption, and need rest and care. Maternity insurance provides them with pregnancy examination, medical services, maternity allowance and paid holidays, which guarantees their health and basic life during childbirth and relieves their worries. Unemployment insurance: since the establishment of China's unemployment insurance system, the fund system has been implemented, and the source of funds is paid by employers and financial subsidies. Practice has proved that the fund system adapts to the level of China's economic development and can provide a stable source of funds for unemployment insurance. However, it is limited to the employer's payment, and employees do not pay.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.